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This newspaper page contains 9 articles. Subscribers can read the full text of each article.
Newspaper
Canberra Times
Location
Canberra, Australian Capital Territory, Australia
Date
Jan 21, 1967
Page
6
North B.H. surplus falls amid lower metal prices and freight costs. Half year expenditure rose to 5,865,000 with revenue from mining and ore operations under pressure from zinc and lead prices. Directors note royalty, tax receipts and charges affect results while concentrates sold and freight costs shape the bottom line.
Increased WA pyrite needs raise questions as SouthNet profits and Norseman Gold earnings show gains while Eaton, Rudd advise. 60 men site 352 ft high, 350 ft wide, with 165,000 tons pyrite and higher depreciation. Dividend rate set near 12 percent, April 30 payout to April 7 registrations amid tariff board inquiry. Walter Reid shares rise to 130 after steady trading. Central Queensland merchant shifts to Carlton and United Brewery products.
Shell Development Australia reports export inquiries for pyritic concentrate but world brimstone shortages redirect产 to Norseman due to higher throughput and lower unit costs despite rising labor and service costs.
The million dollar Secdo 145 FE oil rig weighing 8,500 tons sails Friday from Portland in search of oil and natural gas off Victoria's coast. Drilling is expected to begin soon after its arrival next week about nine miles south of Warrnambool. The rig is capable of reaching 20,000 feet and is owned by the…
A jumbled OCR fragment lists numerous company names and numbers across sectors such as textiles, steel, cement, chemicals, leather, and machinery. It mentions firms like Healing AG moO Selby, Smith Hews Steel Mills, A and K Cement, Am al Chem, Mac Equip, Boral, and Olympic, with assorted figures and codes interspersed, suggesting a financial or industrial stock or directory page.
Mr Carlton reported permanent building societies in NSW hit records with loans exceeding 40 million approved for home seekers and a 400 monthly pace. Combined assets rose to 137 million, investments to 121 million, and over 40 percent of new loans funded new homes. He praised public confidence and predicted further progress in 1967.
In principle merger announced between Trans World Airlines and Hilton International. Leaders Charles C. Tillinghast and Conrad Hilton say conditions include a favourable income tax ruling. Hilton International would continue as an operating Hilton entity with hotels in Europe Africa the Middle East and the Caribbean under the deal. The plan also links low fare packages requiring hotel spending and ground services. Pan Am benefits via InterContinental hotels.
Melbourne stock exchange committee met on policy toward the new rival Second Market Pty Ltd. Chairman C Looker said no decision yet and recommendations will go to the Australian Associated Stock Exchanges in Sydney for joint statement next week. Melbourne would consider banning member firms from dealing with the new exchange and emphasized sober, deliberate business. The new exchange offers about half the current brokerage rates.
South Africa’s Trade Minister Nicholaas Diederich warned that a sustained price rise is essential to keep mining profitable. He urged the price be at least doubled, arguing the current fixed price is unrealistic after a third of a century. If supply to the West cannot be maintained, Russia would be the sole remaining source.
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